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Investment Property Ripponlea, VIC, 3185

Suburb Snapshot

Ripponlea is a suburb in the Port Phillip Region of Victoria. Ripponlea has a population of 1,580 people and 42.02% of its occupants live in rental accommodation. The median listing price for houses is $2,000,000 and this has changed NA over the past year and changed NA over 2 years.

The median rent in Ripponlea for houses is $795 per week and the median rental yield is 2.06%. Stock on the market for houses/townhouses has changed 200.00% compared to last year and the average time to sell a house/townhouse is NA days.The median listing price for units is $470,000 and this has changed -2.09% over the past year. The average unit takes 77 days to sell and the median rent for a unit in Ripponlea is $515 per week, producing a rental yield of 5.69%.

Supply & Demand in Ripponlea, Port Phillip

1.90%

Current vacancy rate


16

Rental stock available


1,580

Population


42.02%

Rental population


1.64%

Current vacancy rate


874

Rental stock available


100,866

Population


43.19%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Ripponlea, Port Phillip

  House Townhouses Units
Median listing price $2,000,000 NA $470,000
Median price change - last quarter NA NA 0.00%
Median price change - 1 year NA NA -2.09%
Median price change - 2 years NA NA -6.00%
  House Townhouses Units
Median weekly rent $795 NA $515
Median yield % 2.06% NA 5.69%
Median rent change - 1 year 7.43% NA 11.95%
  House Units
Previous month sales 4 6
Stock on market previous month 6 9
Stock variance vs. last year 200.00% 0.00%
Average days on market NA 77

Ripponlea investment property listings

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